Economy

Trump’s Trade Policies Could Harm Israeli Exports to the United States Calcalist recently published a report highlighting growing concerns among foreign trade experts in Israel over the potential imposition of new tariffs on Israeli products by former U.S. President Donald Trump, particularly in the pharmaceutical and semiconductor sectors. These concerns …

CK Hutchison Sells Panama Canal Ports to BlackRock-Led Consortium for $23 Billion In a major deal, Hong Kong-based CK Hutchison Group has agreed to sell its controlling stake in its subsidiary managing ports near the Panama Canal to a consortium led by the American investment firm BlackRock. The transaction is …

Aldar Properties Sells All Units in Phase One of “The Wilds” Project in Dubai for 5 Billion AED Aldar Properties, listed on the Abu Dhabi Securities Exchange, has announced the sale of all units in Phase One of its luxury residential project, “The Wilds,” in Dubai, achieving total sales of …

Modest Recovery in China’s Service Sector Despite Economic Challenges Shanghai, China – Recent data shows a modest improvement in China’s service sector activity in February, driven by a rapid rebound in demand, including export orders. However, the ongoing trade war between the United States and China continues to cast a …

The United States Begins Imposing New Tariffs on Canada, China, and Mexico: Potential Economic Impacts In a move anticipated by American companies, the United States began imposing tariffs yesterday on imports from Canada, Mexico, and China, marking the start of a trade war with its closest neighbors and allies. The …

The digital economy is undergoing a monumental shift as AI investments skyrocket, reshaping industries and the global market. According to a recent McKinsey Global Institute report, AI investments are expected to hit $500 billion by 2026, marking a significant milestone in the tech industry and boosting economic growth worldwide. News …

Trade War Escalates Between the United States and Canada After New Tariffs Imposed Washington, United StatesIn a new escalation, U.S. President Donald Trump threatened Canada with further retaliatory actions in the trade war between the two countries after Washington imposed a 25% tariff on Canadian imports. Canada’s Response: Imposing Similar …

Saudi Arabia’s Non-Oil Private Sector Continues Strong Growth in February 2024 Despite Slowing Pace Riyadh, Saudi Arabia –A survey released today revealed that Saudi Arabia’s non-oil private sector continued its strong expansion in February 2024, driven by robust customer sales and increased activity levels, although the growth pace slowed compared …

Gold Prices Suffer Losses Amidst Awaited Impact of New Tariffs Global Capitals – Gold prices experienced slight losses during early trading on Tuesday, with the yellow metal retreating as traders awaited the economic consequences of the tariffs imposed by U.S. President Donald Trump on Canada, Mexico, and China. Price Update: …

Canadian Dollar and Mexican Peso Decline as Tariffs Take Effect Global Capitals – Asian currency markets witnessed a sharp decline in the Canadian dollar and Mexican peso on Tuesday. Both currencies fell to their lowest levels in a month amid growing concerns of a potential trade war after U.S. President …